Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, October 21, 2007
Weekly Gold and Silver Technical Analysis Report - Another Global Financial Markets Collapse? / Commodities / Gold & Silver
By: Merv_Burak
Are we in for another global market collapse? Good thing we focus here on the precious metals, which are doing just fine so far.
Gold Open Interest (cont.)
Just a couple of additional notes on the gold open interest. As mentioned last week my open interest data only goes back some five years, to 03 Dec 2002 . At that time the open interest stood at 158,433. Over this past five year period, as gold generally trended higher, the open interest also generally trended higher. The increase in open interest during this time was 328,775 contracts representing 32.9 million ounces of gold which at today's price represents $25.3 Billion.
Sunday, October 21, 2007
US Electricity Generation Crisis Building / Commodities / Energy Resources
By: Roger_Conrad
Oil prices are rapidly approaching $100 a barrel. Coal is vilified as the cause of global warming, and a big tax imposition is only a matter of time. Natural gas is several times its levels earlier in the decade, despite a sector depression that seems to continue to worsen.
New nuclear plants are a decade away at best. Wind and solar plants run at low capacity rates even under the best of circumstances. And geothermal is only available in a few regions.
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Saturday, October 20, 2007
Gold and Silver Analysis - Precious Points: Rate Cut, Bernanke, One More Time! / Commodities / Gold & Silver
By: Joe_Nicholson
So, we didn't get our liftoff last week exactly as expected, or perhaps it's still playing out, but the issue for the bigger picture in gold remains. Remember, what has to be decided is whether this is the middle part of a corrective pattern from the 2006 highs or the start of a new impulsive bull leg. Ultimately, silver will probably take its general direction from whichever outcome is decided for gold, leaving a very bullish future with the possibility of one more correction first. $14 … remains a psychological resistance level. Read full article... Read full article...
Friday, October 19, 2007
Too Big for Gold and Too Big to Handle - Major Funds Dominate the Global Economy / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has continued to look solid in the $650 area. Confidence in the banking, not just the mortgage system was given quite a blow last week. The $ rallied, but is in the process of turning down again. What lies ahead and why? Here are some of our views, which were published in the latest edition of the Gold Forecaster last week. These views are now being expanded there, with a closer look at the two types of "liquidity" supply. Their appearance has been sudden spread over just a few recent years. For the rapid growth of sovereign wealth funds, petrodollar investors [government controlled], hedge funds, and private equity groups [profit seekers] poses risks for the world economy as large as themselves. Read full article... Read full article...
Friday, October 19, 2007
Crude Oil Bull Market Cycles Point to a Sharp Correction / Commodities / Crude Oil
By: Zeal_LLC
After powering above $85 per barrel this week, crude oil is one of the hottest commodities around. Although this week's stellar prices haven't yet reached oil's all-time inflation-adjusted highs near $100 from way back in spring 1980, these new nominal record prices are really getting speculators' blood flowing.
Nearly everyone is bullish on oil, and for very good reason. Global demand, led by the rapidly-industrializing Asia , is growing relentlessly and will continue to do so for decades. Meanwhile existing oilfields are increasingly depleting, lowering production and raising costs. And despite vast sums of money poured into oil exploration globally, major new elephant finds have become exceedingly rare. And most of the world's known oil reserves sit in geopolitically-troubled regions, complicating recovery.
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Friday, October 19, 2007
Technical Damage to Energy Stocks, XLE / Commodities / Oil Companies
By: Mike_Paulenoff
The weakness in the Energy Select SPDR (AMEX: XLE) today has inflicted some technical damage to the near-term chart structure. Let's notice that the plunge beneath 77.10/00 has violated the up-trendline off of the August low, which has triggered downside follow-through to initial support at 76.00-75.80. Judging from the very negative juxtaposition of the price action and sharply declining RSI momentum gauge, I expect additional weakness to press the XLE towards 74.00 prior to any meaningful recovery rally period.Read full article... Read full article...
Friday, October 19, 2007
Gold Gains for 8th Week in Nine as Oil Rises, Bond Yields Fall; Outpaces All Currencies vs. the Dollar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES surged to a new 27-year high early Friday, briefly breaking $771 per ounce as the US Dollar sank to new lows on the currency markets.
Oil prices also rose, shooting to a new record high above $90 per barrel as an assassination attempt on Benazir Bhutto, newly returned to Pakistan to discuss power-sharing with the military junta, killed 133 people in Karachi .
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Thursday, October 18, 2007
Nartural Resources - The Biggest Boom You'll Ever See! / Commodities / CRB Index
By: Money_and_Markets
Larry Edelson writes: Gold is at 27-year highs, about to blast off even higher … and soar to well over $1,000 an ounce.
Oil is also at new record highs … trading over $85 a barrel … on its way to $120 … then, even higher.
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Thursday, October 18, 2007
Gold Dips Again as Oil Rises; US Dollar to "Plunge" if Growth Slows, Inflation Rises / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked lower from an overnight rally in early European trade Thursday, moving from $762 per ounce to $760 by lunchtime in London .Read full article... Read full article...
Thursday, October 18, 2007
Turkey and Iran Potential Conflicts Mean Crude Oil on Course to Hit $100 per barrel / Commodities / Crude Oil
By: Gary_Dorsch
Tension in the Middle East has always been a favorite tactic for the “Axis of Oil” – Iran, Russia, and Venezuela, to keep the price of crude oil pegged at artificially high levels. Talk of war in the world's most unstable region can inflate a hefty “war premium” into each barrel of OPEC and Russian oil. In the Middle East, wars seem to break-out every few years, and lulls in the fighting are often just a timeout, in order to re-supply and prepare for the next round of combat. Read full article... Read full article...
Thursday, October 18, 2007
USDA Drops an Agricultural Bombshell! / Commodities / Agricultural Commodities
By: Money_and_Markets
Sean Brodrick writes: The USDA dropped a bombshell last week — reporting that U.S. wheat stockpiles may fall to the lowest level in 59 years! As disturbing as that is, it is 100% bullish for grain prices, especially given soaring worldwide demand for agricultural products. Read full article... Read full article...
Wednesday, October 17, 2007
Gold Cracks $750 in Advance of Coming Financial Storm! / Commodities / Gold & Silver
By: David_Vaughn
How about that gold price! Gold continues to awe and impress its naysayers.
The coming storm? Actually were already in it. There are so many storms on the horizon I don't know which one to address. That is why you now see gold cracking the 750 barrier. Gold is aware of these coming storms and is adjusting accordingly. Time is now moving quickly on the horizon.
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Wednesday, October 17, 2007
Is it Too Late to Buy Gold At This Price? / Commodities / Gold & Silver
By: Michael_J_Kosares
Gold price relativity : What gold owners can learn from the stock bull market of the 1990s
For contemporary market analysis, history begins in the year 1971 when the dollar was detached from gold and the era of free floating gold and exchange rates began. First, we had a gold bull market which began in 1971 and lasted until roughly the 1982/85 time period. Then we had a stock bull market that began in between 1982/85 and topped in roughly 2000. The current bull market in gold began in 2000 and, if it were to follow form, could be expected to top sometime around 2015-2017.
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Wednesday, October 17, 2007
Gold Benefits from Geopolitical Risks - Turkish-Iraq Tensions / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up 30 cents on Tuesday in New York from $756.90 to $757.20. Since then it has traded sideways in Asian and early European trade and is up marginally to near fresh 28 year record highs at $759.20/ 759.70 at 1200 GMT.
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Wednesday, October 17, 2007
Agricultural Commodities Scenerios and Outcomes / Commodities / Agricultural Commodities
By: George_Kleinman
On any given trading day, for any market, there are four possible scenarios:
1. The market can open higher and close higher. (Bullish) 2. The market can open higher and close lower. (Bearish)
3. The market can open lower and close lower. (Bearish)
4. The market can open lower and close higher. (Bullish)
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Tuesday, October 16, 2007
AGRI-FOOD THOUGHTS - Food and Energy Are the Most Important Consumer Products / Commodities / Agricultural Commodities
By: Ned_W_Schmidt
Imagine owning a company where consumers have no choice but to buy the firm's product. Consumers have no choice but to buy food. The choice is not between a new cell phone or food. Consumers buy their food first, and then consider other products. Despite the nonsense put out by economists at the Federal Reserve and other centers of misinformation, food and energy are the most important components of the consumers' spending basket. Read full article... Read full article...
Tuesday, October 16, 2007
Gold Continues to Surge to New Highs Against All Currencies / Commodities / Gold & Silver
By: Gold_Investments
Gold Gold was up $8.80 on Monday from $748.10 to $756.90. It has rallied in Asian and early European trade to fresh 28 year record highs and was trading at $762.00/ 762.50 at 1200 GMT.
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Tuesday, October 16, 2007
Gold & Oil Rise for Fourth Day as Stocks Drop on "Carry Trade" Panic, Threat of Turkish Action in Iraq / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES hit a new 27-year high for the fourth session running early on Tuesday, breaking above $767 per ounce just ahead of the London open before slipping back to $760 – the level of last night's close – by midday.Read full article... Read full article...
Monday, October 15, 2007
Gold Stocks Could Correct In One Week / Commodities / Gold & Silver
By: Bob_Kirtley
We feel that gold and gold stocks are in for a sizeable correction in the next week, possible few weeks. We have seen a massive rally in gold stocks, with the HUI rising over 40% from its August lows. Read full article... Read full article...
Monday, October 15, 2007
Gold Surges vs. All Currencies as Oil Rises & Inflation Reports Loom; Europe Attacks Washington Over "Weak Dollar" Policy / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES SURGED yet again early Monday, reaching new 27-year highs against the US Dollar and breaking through €530 for European buyers – a new 17-month high.Read full article... Read full article...